12 days on rocket

232 Vaal Ave, Memphis, TN, 38109

$98,000

Home List Price

$1,164*

Closing Credit

0 Baths
Multi

Location

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232 Vaal Ave, Memphis$98,000

Buyer Closing Credits

$1,164*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway/Pad
Year Built1960
HeatingBaseboard
CoolingWall/Window Unit(s)
BasementYes
MLS #10185608
StatusActive

About 232 Vaal Ave

Great chance for investors to get a nice, cashflowing duplex - $1100/month in rent! Units were rehabbed prior to leasing and should be in great shape! Owner says the roof is within 10 years, maybe newer, slab foundation and brick exterior all check a lot of boxes for investors! The two leases are newer, but both are current as of listing. Each side is rented for $550 and one lease ends 7/31/25, other 9/30/25. No showings until accepted contract, buyer to verify all facts. No seller-financing and no wholesaler/assignable offers.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1960
  • Stories: 1

Listing Office:

  • Office Name: Memphis Metro Realty

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Tile, Vinyl Floor

Exterior Features

Exterior Information:

  • Exterior: Brick Veneer

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Few Trees

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Going S on Hwy 61, take a right onto S Pkwy W, then a left onto Kansas St. Take a right onto Vaal St., and the duplex will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $98,000

Tax Information:

  • Annual Amount: $211
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Memphis, TN.

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Memphis, TN

City

Med. Sold Price

$183K

# of Sold Homes

362

232 Vaal Ave vs Memphis

12 DAYS ON ROCKET

$98,000

-$85K Less

KEY TAKEAWAY

This property is $85K less than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #10185608

Listing Office:

  • Office Name: Memphis Metro Realty

Copyright© 2024 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/4/2024, 4:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$211$2,920
2020$228$3,160
2019$84$3,160

History based on county public records data.

Payment Calculator

$557

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$360

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3817378
2
/10

  • Vision Preparatory Charter School

  • 260 Joubert Ave

  • 0.26 miles

  • Public Charter Grades KG-5

school-card-donut-3817379
3
/10

  • Memphis Scholars Florida-Kansas (ASD)

  • 90 W Olive Ave

  • 0.80 miles

  • Public Charter Grades PK-5

school-card-donut-3817380
3
/10

  • A. B. Hill Elementary School

  • 345 E Olive Ave

  • 1.35 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $16,014. Residents of Memphis, TN typically earn less than $35k each year. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Tennessee›Shelby County›Memphis›38109›232 Vaal Ave

This home is located at 232 Vaal Ave in Memphis, TN and zip code 38109 in the Riverside neighborhood. This home was built in 1960. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $98,000.

In November 2024, from all listings sold in Memphis, TN there were more than 45 sold above asking price, over 218 sold below and more than 98 were sold right at the asked price. The inventory of homes for sale in Memphis, TN between October 2024 and November 2024 increased by 6.8%.

From Rocket Homes Real Estate and based on county public records data.

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